Electronics System Design and Manufacturing

Strategic Importance of ESDM Sector  

A Communications and Brand Building Campaign for promotion of ESDM sector in India has been launched with the objective to build “Made in India” as leading global brand in ESDM and increasing awareness regarding initiatives taken by Government to promote investments

 

The electronics industry emerged in the 20th century and has quickly become a global industry worth of millions of dollars with products ranging from simple consumer products to highly complicated aerospace ones. Over the years electronics has become a meta-resource, the building blocks of modern technology and is redefining how the world operates every day. India also has been a part of this great transformation, where electronics today has become a way of life.  

The demand for electronics hardware in the country is projected to increase from USD 45 billion in 2009 to USD 400 billion by  020 (Source: Task Force Report). This provides a huge opportunity for India to become an Electronics System Design and Manufacturing (ESDM) hub to meet the domestic as well as the global requirements. Most of India’s domestic demand is presently being met through imports. This has   serious economic and strategic implications for the country. Every country is unique. India’s uniqueness is about diversity but at the same time, masses have similar kind of expectations from consumer products, more so from consumer durables, particularly electronic products. Under such a dynamic environment ESDM is set to be the area of interest for India in the years to come.  

Importance of the ESDM Sector in the Indian Context 

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Financing Agriculture : Some Issues (India)

Financing Agriculture : Some Issues (India)
 

Small and marginal farmers should be helped to liberate themselves from the stranglehold of moneylender and should be given priority for accessing low cost credit.

Post 1990 India has emerged as one of the world’s fastest growing economies. Its GDP growth rate of about 9% in the last few years is historically unparalleled except by our neighbour China. With rapid economic and social growth, however, new challenges emerge as also new growth strategies. For sustainable economic development, the crucial agricultural sector has to grow at a consistent 4% growth rate to GDP. Given the fact that 60% of our farming is monsoon dependent, ensuring consistent growth in food production is a major challenge, especially in wake of global warming and consequent climatic changes.

Credit has a very important role to play in supporting agricultural production and investment activities. The total credit flow to agriculture during the 10th Five Year Plan was expected to grow at a compound annual growth rate (CAGR) of 26.38%, as against the CAGR of 18.63% achieved during the 9th Five Year Plan. However, although the total agricultural credit has increased during the last six years, there are serious quantitative as well as qualitative concerns. The poor outreach of the formal institutional credit structure is a serious issue that needs to be corrected expeditiously. The findings of the National Sample Survey Organisation (NSSO) 59th Round (2003), reveal that only 27% of the total number of cultivator households received credit from formal sources while 22% received credit from informal sources. The remaining households, comprising mainly small and marginal farmers, had no credit outstanding. Comprehensive measures aimed at financial inclusion in terms of innovative products and services to increase access to financial services and institutional credit, are required. Other issues such as ensuring credit flow to tenant farmers, oral lessees and women cultivators, complex documentation processes, high transaction costs, lack of availability of quality inputs across all regions, inadequate and ineffective risk mitigation arrangements, poor extension services, weak marketing links and sectoral and regional issues in credit are also required to be addressed expeditiously. The lack of rural credit bureaus also delays the process of sanction of agricultural loans as there is need to reduce loan risk and documentation procedures.

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